Investment , Exploration & Production , Legislation

Canadian Government Commits $320 Million to Aid Offshore Oil Industry

Newfoundland and Labrador is the third-largest oil-producing province in Canada, producing 5% of the country's crude in 2018. Low oil prices have forced producers to cut spending and output globally.

September 25, 2020

Private Equity , Investment , Health, Safety & Environment

Vanguard, BlackRock Add New Climate-focused ETFs as Demand Soars

Top asset managers Vanguard Group Inc. and BlackRock Inc. on Sept. 24 introduced new exchange-traded funds that exclude oil companies, coal producers and other industries that a growing number of investors want to avoid.

September 25, 2020

Public Capital , Investment , Acquisitions & Divestitures , Midstream

Blackstone Sells Stake in Cheniere Energy Partners Valued at $7 Billion

The sale of the approximately 42% stake in Cheniere Energy Partners represented the culmination of Blackstone’s involvement with the Houston-based LNG producer.

September 24, 2020

Investment , Crude Oil , Shale Plays , Tankers , Storage , Construction , Pipelines

Max Midstream to Develop New US Crude Export Hub Following Acquisition from Oaktree

The revitalized terminal is not only expected to connect the Port of Calhoun to both the Eagle Ford and Permian basins but also create more than 1,000 jobs in the Lone Star State, Max Midstream President Todd Edwards says.

September 24, 2020

Investment , Health, Safety & Environment , Emissions , Technology , Storage

Global Climate Goals ‘Virtually Impossible’ Without Carbon Capture, IEA Says

Up to to $160 billion investment in carbon capture technology is need by the growing number of countries and companies targeting net-zero CO₂ emissions by around 2050, the IEA says.

September 24, 2020

Investment , Digital Oilfield , Logistics

Blockchain Startup Data Gumbo Secures $4 Million from L37, Equinor and Saudi Aramco

L37 leads $4 million round with Equinor Ventures and Saudi Aramco Energy Ventures.

September 24, 2020

Investment , Emissions , Technology

Australia to Invest $13 Billion in Energy Technology to Cut Emissions

Australia plans to invest AU$18 billion (US$13 billion) over the next 10 years in technologies to cut carbon emissions in the fight against climate change, the country’s energy minister said on Sept. 22.

September 22, 2020

Investment , Emissions , Renewables

Challenges Facing Budding US Offshore Wind Sector

Policy and permitting, the environment and metocean conditions, and infrastructure were among the topics discussed as companies aim to advance projects.

September 21, 2020

Investment , Health, Safety & Environment , Emissions

Study: Global Net-zero Emissions Goal Would Require $1-2 Trillion Yearly Investment

As a result of the energy transition needed, oil demand could be slashed from 100 million bbl/d in 2019 to around 10 million bbl/d by mid-century, the study said.

September 17, 2020

Private Equity , Investment , Digital Oilfield

Quantum Energy Partners, Global Reserve Group Lead Financing Round of Datagration

“PetroVisor has already delivered game-changing financial results for many E&P companies and is ready to scale globally,” Datagration Executive Chairman Peter Bernard said in a statement.

September 16, 2020